Loan clerk vs accountable clerk

The differences between loan clerks and accountable clerks can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become a loan clerk, becoming an accountable clerk takes usually requires 4-6 years. Additionally, an accountable clerk has an average salary of $38,120, which is higher than the $26,552 average annual salary of a loan clerk.

The top three skills for a loan clerk include customer service, loan payments and financial data. The most important skills for an accountable clerk are data entry, financial reports, and purchase orders.

Loan clerk vs accountable clerk overview

	Loan Clerk	Accountable Clerk
Yearly salary	$26,552	$38,120
Hourly rate	$12.77	$18.33
Growth rate	-3%	-5%
Number of jobs	75,101	81,209
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 40%	Bachelor's Degree, 41%
Average age	42	51
Years of experience	4	6

Loan clerk vs accountable clerk salary

Loan clerks and accountable clerks have different pay scales, as shown below.

	Loan Clerk	Accountable Clerk
Average salary	$26,552	$38,120
Salary range	Between $19,000 And $35,000	Between $29,000 And $49,000
Highest paying City	Newark, NJ	New Haven, CT
Highest paying state	California	Massachusetts
Best paying company	UFCU	Wayne County, Michigan
Best paying industry	Finance	Government

Differences between loan clerk and accountable clerk education

There are a few differences between a loan clerk and an accountable clerk in terms of educational background:

	Loan Clerk	Accountable Clerk
Most common degree	Bachelor's Degree, 40%	Bachelor's Degree, 41%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Loan clerk vs accountable clerk demographics

Here are the differences between loan clerks' and accountable clerks' demographics:

	Loan Clerk	Accountable Clerk
Average age	42	51
Gender ratio	Male, 16.9% Female, 83.1%	Male, 19.1% Female, 80.9%
Race ratio	Black or African American, 12.9% Unknown, 4.7% Hispanic or Latino, 14.6% Asian, 7.0% White, 60.3% American Indian and Alaska Native, 0.5%	Black or African American, 6.7% Unknown, 4.0% Hispanic or Latino, 14.2% Asian, 6.5% White, 68.0% American Indian and Alaska Native, 0.6%
LGBT Percentage	7%	7%

Differences between loan clerk and accountable clerk duties and responsibilities

Loan clerk example responsibilities.

Manage A/R transactions, prepare weekly account reconciliation's, perform research/ adjustments on A/P and A/R discrepancy accounts.
Monitor UCC filings and updates.
Prepare SBA loans using WordPrefect.
Record UCC filings on-line and by mail.
Review loan files, facilitate and verify loss mitigation application request, determine eligibility for clients requesting foreclosure financial assistance.
Work with HUD the VA and FHA to make sure all requirements are completed.

Accountable clerk example responsibilities.

Manage the accurate and timely processing of AP invoices for multiple companies.
Manage resident's private information for insurance verification, billing, and eligibility to apply for Medicaid.
Scan incoming A/P, A/R, bank statements, mail, etc.
Review AR aging to ensure compliance.
Process, distribute, and maintain AR invoices.
Review and handle in-clearing reject items (ACH and checks) and process check adjustments.

Loan clerk vs accountable clerk skills

Common loan clerk skills

Customer Service, 22%
Loan Payments, 12%
Financial Data, 10%
Mortgage Loans, 5%
Credit Reports, 4%
General Ledger Accounts, 3%

Common accountable clerk skills

Data Entry, 11%
Financial Reports, 10%
Purchase Orders, 8%
Customer Service, 8%
Process Payroll, 8%
Office Equipment, 4%